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QUESTION 2 Plant was purchased for R20 000 on 2 Jan 2021. Equipment was purchased for R25 000 on 2 January 2022. Land was purchased
QUESTION 2
- Plant was purchased for R20 000 on 2 Jan 2021.
Equipment was purchased for R25 000 on 2 January 2022.
Land was purchased for R200 000 on 2 January 2016
Land is not depreciated and allowed by SARS
Depreciation W&T
Plant 10% 20%
Equipment 20% 30%
- Interest receivable on 31 December 2021 is R5 000
- Dividend of R 2500 is receivable from wholly owned subsidiary at 31 December 2022
Calculate the deferred tax for the year ended 31 December 2021 and 2022
CARRYING AMOUNTTAX BASE TEMPORARY DIFF DTA/DTL
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